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MLB Offers L.A. Dodgers Bail Out Money

7/15/2011 11:00 AM PDT BY TMZ STAFF

Major League Baseball has just offered the L.A. Dodgers $150 million to keep the team afloat ... TMZ has learned.

0715_mlb_dodgers_ex_2

According to legal docs filed in the Delaware bankruptcy case, the Dodgers solicited a $150 million loan from Highbridge Capital Management -- an investment management company.

MLB objected to the loan, partly because there were strings attached -- specifically, liens on the Dodgers' assets.

 According to the docs, MLB has now offered to make the $150 million loan itself, with more favorable terms -- notably an interest rate that is 3% less than Highbridge is offering, and there would be no liens attached.

No word yet on whether the Dodgers will accept the MLB loan.


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20 COMMENTS

No Avatar
16.

Mike    

This wasn't "just offered". This happened WEEKS ago.

1139 days ago
17.

OhWell    

Oh,
Whats Wrong Little Scotty
Somebody Steal Your Avatar?

Boo F-ing Woooo.


heheehhehehehehehehe

1139 days ago
18.

eff you idiots who didnt watch the draft and dont know the whole story    

FTD they suck! so do their fans

1139 days ago
19.

ff    

The only way to turn things around it get rid of McCourt, take his front office cronies with him and fire the entire scouting department, they are the worst in MLB.

1138 days ago
20.

Roy Hofkamp    

Indeed a bit late, but nonetheless it's worth mentioning.

1084 days ago
Previous 15 Comments | 1 | 2

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